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20131028
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kathleen sebelius about to take the mic. in her prepared remarks she's says "the initial consumer experience of healthcare.gov have not lived up to the expectations. american people and are not acceptable. we are committed to fixing these problems as soon as possible. s&p up 13 of the past 15 sessions. we do have a fed decision this afternoon. even initial reviews of the apple ipad air. as we monitor the hearing this morning in washington, let's get to jim. first, broad markets, we've not had a run look we've had this month in a long time. whether you're larry fink or others, people asking serious questions about when in ends and how it ends. >> you keep thinking it should end and then general motors comes out with a quarter that says, hey, listen, we're back, too. you keep thinking it will end and then i sit back and listen to some of these conference calls and various industries. buffalo wild wings. you can say they're small potatoes but they're blowing the number away. gilead last night, a remarkable quarter. i keep getting stunned by the facts, even though the thesis should be
of a very, very large storm, kathleen sebelius is going to experience that storm tomorrow and part of it has to do with the poor communication the administration has done on exactly what the implications of the way that this health care law is changing the individual health insurance marketplace would be. the whole point of the law was to change the individual market, which was something which wasn't available to a lot of people and provided bare bones plans but because of the minimum standards in the obama care law, many of those plans are now being cancelled and people were not prepared for that. a lot of people heard the president say if you have your haeg health insurance you can keep it as something that was universally applied. that's not how the president meant it but they did a poor job of explaining that and now people are feeling deceived and that's a huge problem for the administration. >> according to what lisa myer is telling me, it would appear they did know. >> reporter: yes, the administration did know. the question is whether the public knows, whether the public was prepared
services secretary tommy thompson will weigh in on kathleen sebelius and the issue of the health care act. and coming up, jeff and robert are joining forces, launching the double-line schiller fund and we'll be speaking to both of them exclusively. "squawk on the street" will be right back. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. because what you dont know can hurt you.urance, what if you didn't know that it's smart to replace washing-machine hoses every five years? what if you didn't know that you might need extra coverage for more expensive items? and what if you didn't kn
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